Oct 5, 2012 2:00pm PDT
with the town hall format because this is a very different kind of environment, and, you know, i think this is where romney is going to have to connect and feel people's pain and so that's naturally something that obama does well. we'll see how well romney adapts to that environment. >> i'm hoping candy crowley gets more in there. she's much more political than jim lehrer. she'll say follow up on that, answer it. >> i think she will. she will be aware of all the critique of jim lehrer that's gone on. i think mark raises a very, very good point as he so often does. the format for the next debate is a format that favors somebody who is more comfortable with people and who is a little more easy. >> can you fake it? >> well, you know, i think this is a form that -- >> can you fake it? >> i think you can fake it a little bit but not very much. i'm not sure mitt romney is going to be able to fake it. i think the president that we saw in denver the day after the debate is the president that we're likely to see in the town hall meeting coming up next time and you're going to see joe biden unle
Oct 5, 2012 6:00am EDT
of people in the low interest rate environment, investors are looking and buying up a lot of these homes, looking at that as a way to get yield in here. so not only is it helping stock, it's helping the housing market and that's that wealth effect people are talking about. these are the two areas bernanke knows are vital to how people feel and the confidence factor. >> but this is cart before the horse economics. the stock market is supposed to go up because the economy is going up. and when you push the stock market up artificially and hope the economy will come behind it, i think that's very dangerous. i'm very uncomfortable where that. i liked the stock market more before i saw the fed in there as a cheerleader. when the fed's doing something you kind of have to look at the other side of risk and now i'm getting worried that the fed is doing this. >> you could careless why it's going up. >> from a valuation standpoint, we're certainly getting ac litte stretched. 14 1450 was our number and we're essentially there. you look at the economy, housing is certainly working. autos is search w
Oct 5, 2012 4:00pm EDT
to adjust to a slower growth environment. we've seen much lower inventory levels. we've seen underinvest inspemen capital, which is creating a bit of tail wind going into next year. interestingly enough, asia is in the same state. what is worrisome is companies haven't adjusted to the possibility of slower growth next year. >> peter, what are you looking for next week? what should we be watching for? >> i think the next three weeks is solely earnings. for two months we've had central banks putting goggles on our eyes. now the fundamentals can't be ignored anymore. they're out from under the rug. we get to hear what the guidance is going forward. >> so peter, on tuesday we're going to see angela merkel in greece. there's going to be horrendous protests, tear gas. we can just imagine. yet, we're going to be able to look through that and focus on the domestic earnings front here? >> the greek stock market was up 12% this week. the bond that's maturing at 11 years is at a high. i think everyone's beginning to it realize that greece is going to be given some slack because there's no other cho
Oct 5, 2012 9:00am EDT
defense and build highways and education. and building an environment where it is easy for business to employ people and kind of stay out of everybody's way. host: how is it doing? caller: i do not think it is doing very well when minimum wage is hitting $10 an hour in some states. that is an awful lot to employ people. some people like myself, a small businessman, it is hard for me to employ more people when i am having to pay so much for everything in the price of everything is going up. the price of fuel, electricity, food -- the price of everything is going up right now. so i do not think the government is really doing a good job. host: it in the "wall street journal" this morning, another comparison of the two candidates on the definition of patriotism. president barack obama says he wants a new economic patriotism. mitt romney caused the campaign a battle for the soul of america. host: next, louisiana, a democrat. good morning. caller: yes, i would like the government -- [no audio] host: we lost her. with apologies, let's move on to an independent in ohio. caller: good morning
Oct 5, 2012 9:00am EDT
that support such a move? >> think the baseline for us is essentially more of the same, but in an environment in which earnings are still pretty good and interest rates are still very, very low. i think the baseline forecast does support higher equity prices from here. i do think it's quite bimobile. i think that the alternative scenario to the baseline is one that's significantly worse because we do get a much bigger hit from the fiscal side, but on the baseline, it's supportive. >> i'm really quite confused here and the economy created 114,000 jobs and there's so much noise about the various aspects of the survey. and i'm not sure. 114,000 jobs create side bad, isn't it? that's very, very disappointing. >> it's lackluster, i would say. >> don't we have to -- typically say we have to generate 200,000 to deal what's happening with the population. isn't that usually where we are? why are we not there today? >> to keep the unemployment rate stable you need about $100 and the participation doesn't change. anything over 100,000 will push it over time. under 14 it would be extremely slowly so that
Oct 5, 2012 11:00am EDT
environment in which both men are now running. connell: it is a crazy number but not necessarily a great number. it is 582,000 of 873. you don't have to say the numbers fudge to. it is not that great a number even on the surface. dagen: if you look at these numbers historically they are all over the place. >> the real number is not the official 8% though politically that will give the president some traction. now we are back to the inherited rate which is 7.8. it is perception but remember the real numbers to take a look at is the new jobs created that number 114,000. that is a pathetic number. if i met romney i go to the american people and say president reagan inherited a huge recession. he had a very dire economic crisis. he did the opposite of what president obama did in terms of cutting taxes and reducing government and deregulating and what his recovery look like, month after month of 500, 600, 900,000, over a million jobs in 1983. dagen: back to the original point, mitt romney has to avoid trying to discredit this number. >> he will not do that. [talking over each other] >> ronny
Oct 5, 2012 6:00am PDT
and the environment. we're america's natural gas. i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy broth mmm i can still see you. [ male announcer ] progresso. you gotta taste this soup. >>> just in to the "cnn newsroom," a high court judge in london ordered that radical cleric be extradited to the united states. he will face terrorism charges along with four other suspects. the process begins immediately and the judge ordered that the man cannot appeal. he's accused of helping to start a terrorist camp in oregon. >>> the unemployment rate fell to 7.8%. the figures are roughly in line with what was expected. the jobs number for august was revised up to 142,000. >>> an oil sheen about four miles long has appeared in the gulf of mexico near the site of the worst oil spill in u.s. history. the coast guard says the source of the oil was not immediately clear in september of 2010. officials declared a cement plug had permanently sealed the deep water horizon oil spill.
Oct 5, 2012 1:00pm PDT
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